Can I retire at age 48 with 480,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$39,638$39,285$38,940$38,604$38,276$38,019
2 years$19,623$19,257$18,903$18,560$18,227$17,967
3 years$12,952$12,585$12,232$11,891$11,564$11,310
4 years$9,617$9,251$8,901$8,567$8,247$8,002
5 years$7,617$7,253$6,908$6,580$6,269$6,032
6 years$6,284$5,923$5,583$5,262$4,961$4,732
7 years$5,332$4,974$4,639$4,326$4,034$3,815
8 years$4,618$4,264$3,934$3,629$3,347$3,136
9 years$4,064$3,712$3,389$3,091$2,819$2,617
10 years$3,620$3,272$2,954$2,665$2,402$2,209
11 years$3,257$2,913$2,601$2,319$2,065$1,881
12 years$2,955$2,614$2,308$2,034$1,790$1,614
13 years$2,700$2,363$2,062$1,796$1,561$1,393
14 years$2,481$2,148$1,853$1,594$1,368$1,209
15 years$2,292$1,962$1,673$1,422$1,205$1,053
16 years$2,127$1,800$1,517$1,273$1,065$921
17 years$1,981$1,658$1,380$1,144$944$808
18 years$1,851$1,532$1,260$1,031$839$710
19 years$1,735$1,420$1,153$931$748$626
20 years$1,631$1,319$1,059$844$668$553
21 years$1,537$1,229$974$766$598$489
22 years$1,452$1,147$897$696$536$433
23 years$1,374$1,073$829$634$481$384
24 years$1,303$1,005$766$578$433$341
25 years$1,238$943$710$528$389$303
26 years$1,177$887$658$483$351$270
27 years$1,121$834$611$442$316$240
28 years$1,070$786$568$405$285$214
29 years$1,022$742$529$371$258$191
30 years$977$700$493$341$233$170
31 years$935$662$459$313$210$152
32 years$896$627$428$288$190$136
33 years$860$593$400$265$172$121
34 years$825$562$374$243$156$108
35 years$793$533$349$224$141$97
36 years$762$506$327$206$128$86
37 years$734$481$306$190$116$77
38 years$706$457$287$175$105$69
39 years$681$435$268$162$95$62
40 years$656$413$252$149$86$55
41 years$633$394$236$137$78$50
42 years$611$375$221$127$71$44
43 years$590$357$208$117$65$40
44 years$570$340$195$108$59$36
45 years$551$325$183$100$53$32
46 years$533$310$172$92$48$28
47 years$516$295$162$85$44$26
48 years$500$282$152$79$40$23
49 years$484$269$143$73$36$20
50 years$469$257$134$67$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $480,000, adding $6,215 every year, while hoping to spend $33,154 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/36/18 Blend
47$480,000$480,000$480,000$480,000
48$535,371$509,931$502,491$556,986
49$554,703$499,642$484,049$562,412
50$574,896$487,737$463,877$564,479
51$596,002$474,104$441,884$566,019
52$618,079$458,619$417,972$566,998
53$641,189$441,157$392,040$567,380
54$665,397$421,581$363,980$567,128
55$690,777$399,748$333,683$566,204
56$717,408$375,507$301,033$564,570
57$745,374$348,698$265,908$562,185
58$774,769$319,150$228,183$559,010
59$805,693$286,686$187,724$555,004
60$838,256$251,116$144,395$550,125
61$872,577$212,240$98,052$544,331
62$908,788$169,847$48,544$537,581
63$947,028$123,714$0$529,834
64$987,454$73,605$0$521,872
65$1,030,234$19,271$0$522,835
66$1,075,552$0$0$523,384
67$1,123,610$0$0$539,183
68$1,174,628$0$0$564,088
69$1,228,847$0$0$590,584
70$1,286,530$0$0$618,806
71$1,347,965$0$0$648,898
72$1,413,469$0$0$681,019
73$1,483,386$0$0$715,343
74$1,558,095$0$0$752,062
75$1,638,013$0$0$791,384
76$1,723,592$0$0$833,539
77$1,815,334$0$0$878,779
78$1,913,786$0$0$927,380
79$2,019,548$0$0$979,646
80$2,133,280$0$0$1,035,910
81$2,255,707$0$0$1,096,538
82$2,387,624$0$0$1,161,931
83$2,529,904$0$0$1,232,531
84$2,683,506$0$0$1,308,822
85$2,849,487$0$0$1,391,339
86$3,029,003$0$0$1,480,666
87$3,223,329$0$0$1,577,448
88$3,433,866$0$0$1,682,392
89$3,662,153$0$0$1,796,279
90$3,909,884$0$0$1,919,964
91$4,178,919$0$0$2,054,390
92$4,471,309$0$0$2,200,592
93$4,789,306$0$0$2,359,712
94$5,135,389$0$0$2,533,004
95$5,512,286$0$0$2,721,848
96$5,922,999$0$0$2,927,765
97$6,370,831$0$0$3,152,426
98$6,859,418$0$0$3,397,673
99$7,392,761$0$0$3,665,531
100$7,975,267$0$0$3,958,232